Why FTSE 250 and FTSE 350 Indexes May Change Economy View
The fortunes have reversed for U.K. bank shares a little more than four months after Brexit spurred their worst slump since 2009. A gauge tracking lenders in the FTSE 350 Index has rallied twice as much as the broader market since a June low following the referendum. Gains of about 40 percent or more in HSBC Holdings Plc and Barclays Plc, which get more than half their revenue outside the U.K., have helped lift bank valuations from their lowest since 2009. Aviva Investors Global Head of Multi-Assets Peter Fitzgerald discusses U.K. investing and the outlook for the Fed with Anna Edwards and Yousef Gamal El-Din in London and Manus Cranny in Dubai on "Bloomberg Daybreak: Europe."